1.If a college tuition is $2000 this semester, books cost $400 and you can only work 10 hours rather than 40 what is the opportunity coat of attending college?

2.Suppose a consumer buys two goods x and y and his utility function is given by U (x,y) =xy+10y. The price of the two goods x and y are given by P_x =$1 and Py =$2.The consumer has an income of $10. What is the consumer's optimum consumption bundle of the goods x and y Is the optimum bundle interior or corner optimum?

3.What types of elasticities in demand can affect the willingness to buy a product?

4.Suppose a consumer buys only 2 goods x and y has an utility function given by U(x,y)Give an example of a utility function U(x,y) that exhibits increasing marginal rate of substitution.

5.Discuss the various economic problems

6.What is product possibility frontier in economics

7.In price theory what are the general concerns of price determination

8.In determination of gross national product how do you include the net external factor revenues

9.What is the elasticity in demand

10.Describe the curves of average productivity and total productivity